People Who Would Like to Work Full Time,but Are Able

question 184

Multiple Choice

People who would like to work full time,but are able to find only part-time work,are officially counted as

• A) employed.
• B) unemployed.
• C) out of the labour force.
• D) discouraged workers.
• E) chronically unemployed.

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Definitions:

Bananas

Commonly refers to a type of fruit, but in economic terms, it could relate to the market dynamics or trade aspects of agricultural products.

Budget Line

A graphical representation of all possible combinations of two goods that an individual can afford given the prices of the goods and the individual's income.

Decrease In Income

A reduction in the amount of money earned or received by an individual or household.

Consumer Purchases

Transactions made by individuals or households for goods and services for personal use.